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World stocks on longest slide since November as Fed caution hits

Share markets were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise U.S. interest rates and perhaps signal as many as three more lie in store this year. A 0.6-1.2 percent drop for Europe’s main bourses amid a flurry of gloomy company news [.EU] and weaker Wall Street futures ESc1 meant MSCI’s main 47-country world stocks index .MIWD00000PUS was down for a fifth day. The caution also came against the backdrop of global trade ...

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Investors Prepare for Trade Tension, While They’re Split on Best Strategy

With the Trump administration preparing a new round of measures against China, investors like most observers anticipate a pick-up in trade tensions. While there’s no majority view on how to position, some 40 percent of respondents in a Bank of America Merrill Lynch survey of money managers expect lower global stocks as a consequence of escalating U.S. trade tensions. Another 19 percent chose a weaker greenback. Only 17 percent of those surveyed expected no increase in tensions. The investors, overseeing $354 billion of assets, were surveyed March 9-14. Trade Worries ...

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Investors eye currencies for those most at risk in a trade war

Foreign exchange markets appear convinced that a global trade war is unlikely to break out anytime soon, although with long bets on some currencies at record highs, investors fear complacency may be setting in. While the Trump administration’s threat to slap tariffs on Chinese imports has heightened fears of retaliation from Beijing, it has only mildly rattled markets enjoying a multi-year rally as global economic growth picks up. The finance ministers of the 20 big world powers meet for a key G20 summit on Monday. Currency managers are keen to ...

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China a rising G20 concern, currencies stable – U.S. Treasury’s Malpass

The U.S. Treasury’s top economic diplomat said that China’s move away from market liberalisation was an increasing concern for world economies as currency stability meant that exchange rate issues needed less attention in the G20 and other international forums. David Malpass, Undersecretary for International Affairs, told an Institute of International Finance conference that what he called an increasing amount of state control over China’s economy, coupled with the end of term limits for President Xi Jinping, was “worrisome to the world.” “We see that in the G20 process and the ...

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U.S. Tariffs to Be in Spotlight at G-20 Summit

Global finance ministers meeting this week in Buenos Aires were planning to focus on topics like the workforce in an age of automation and how to boost infrastructure investment. Instead, their attention has turned to U.S. tariffs on steel and aluminum. Finance ministers and central bankers are meeting under the auspices of the Group of 20 summit, a gathering of leaders who represent 80% of the world’s economy. The U.S. would like an agenda focused on its concerns about China. Instead this year’s summit will involve much of the world ...

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Argentina, Germany want to keep pledge for free trade at G20 summit

Germany and Argentina want to uphold a pledge to keep international trade free at a summit of the world’s 20 largest economies in Buenos Aires this week, the countries’ finance ministers said. A multi-decade-old international consensus over trade has come under threat from U.S. President Donald Trump’s protectionist stance, which includes plans to impose tariffs on steel and aluminium. But representatives from Europe’s largest economy, Germany, and host country Argentina will stand by free trade at a G20 summit on March 19-20, where they will insist on reaffirming the language ...

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Fed’s Thinking on Future Rate Increases Will Come Into Focus This Week

Federal Reserve officials meeting this week will weigh whether they will need to raise interest rates more aggressively in coming years because of recent tax cuts and government-spending increases. The Fed in December expected a gradual path of rate rises would allow the economy to keep expanding without overheating. They penciled in three rate increases this year and two each in 2019 and 2020. Since then, however, the burst of fiscal stimulus, together with steady growth and very low unemployment, has raised questions about how long they should maintain that ...

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Trump’s Economy Is Still Waiting for the Tax-Cut Boost

The U.S. economy is beginning the year with a downshift in growth despite $1.5 trillion in tax cuts signed by President Donald Trump in December. Unexpectedly weak February retail sales pushed down forecasts for the annualized pace of expansion in the first quarter, with the Federal Reserve Bank of Atlanta’s GDPNow tracking estimate at 1.8 percent on Friday, cut from 2.5 percent a week earlier. Economists at Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Moody’s Analytics all lowered their estimates to 2 percent or less this ...

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Baltic Dry Index falls to 1136, down 7 points

Today, Monday, March 19 2018, the Baltic Dry Index decreased by 7 points, reaching 1136 points.

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Tanker Market Rates 19/03/2018

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Chinese iron ore and steelmaking prices March 19 2018

Traders generally held their morning offers stable today.

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Tanker Market Rates 18/03/2018

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Tanker Market Rates 17/03/2018

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Tanker Market Rates 16/03/2018

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Chinese iron ore and steelmaking prices March 16 2018

Morning offers of traders edged up by RMB5-10/tonne today, with the obvious growth in mainstream lumps.

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